Saturday, November 25, 2023 3:14:56 PM
Sirius XM Holdings (SIRI) stock jumped as much as 12% on Wednesday after Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) revealed a new stake in the satellite and online radio company.
According to Berkshire's 13F report, which discloses its holdings, the company purchased nearly 9.7 million shares with a market value of about $43.8 million in its September quarter.
Shares of Sirius have struggled so far this year, down about 10% compared to the S&P 500's (^GSPC) 17% gain over that same time period.
https://finance.yahoo.com/news/sirius-xm-stock-jumps-after-warren-buffetts-berkshire-reveals-new-stake-175353836.html
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